Saipem, Caio: ‘Change of pace with innovation and growth’

“The strategic plan we are presenting today aims to build a company that grows, generates profits and cash flow with precise development objectives in the traditional energy sector, in the energy transition and in sustainable infrastructures, operating as a technological enabler of low carbon strategies”. The new plan aims to mark a change of pace for Saipem which adopts a business model centered on a dual strategy. On the one hand, engineering for complex plants designed in partnership with our traditional customers to implement their decarbonization strategy; on the other hand, the development and construction of modular, standardized and scalable systems and the supply of technologically and digitally advanced services “. This was underlined by Saipem’s CEO, Francesco Caio. “We have embarked on the path to build a more sustainable, technological and profitable Saipem”. “A new approach is needed to enhance Saipem’s distinctive skills to seize the right opportunities”, highlights the CEO, explaining the strategic guidelines of the new ‘Towards a new Saipem’ plan. “The plan is based on Saipem’s strong and competitive positioning, on a solid relationship with customers, on the experience acquired in complex projects and infrastructures, on operational and international logistics expertise and on our important portfolio of technologies”. “From logic of assets to the logic of innovation is our slogan to define a type of business where technologies and skills allow us to also offer new services capable of generating more stable and recurring revenues. “” The energy transition is not a simple shift towards low carbon sources , but a radical transformation of an entire ecosystem. From a highly centralized sector, characterized by large plants and not very digitized, to a distributed one, strongly interconnected, with a growing centrality of innovative services and new operators other than traditional ones in terms of both supply and demand. It is a profound change that requires innovative and flexible operating models to compete and grow profitably ”, underlines Caio.